Genesis Private Wealth LLC Makes New Investment in General Dynamics Corporation $GD

Genesis Private Wealth LLC bought a new position in shares of General Dynamics Corporation (NYSE:GD) in the 2nd quarter, HoldingsChannel.com reports. The fund bought 730 shares of the aerospace company’s stock, valued at approximately $213,000.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of General Dynamics by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 5,502,305 shares of the aerospace company’s stock valued at $1,499,819,000 after buying an additional 256,687 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of General Dynamics by 34.8% in the 1st quarter. Ameriprise Financial Inc. now owns 2,748,380 shares of the aerospace company’s stock valued at $749,252,000 after buying an additional 709,782 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of General Dynamics by 0.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,582,388 shares of the aerospace company’s stock valued at $431,327,000 after buying an additional 5,313 shares during the period. Boston Partners raised its holdings in shares of General Dynamics by 7.9% in the 1st quarter. Boston Partners now owns 1,296,497 shares of the aerospace company’s stock valued at $353,558,000 after buying an additional 94,537 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of General Dynamics by 120.9% in the 1st quarter. Deutsche Bank AG now owns 1,261,525 shares of the aerospace company’s stock valued at $343,866,000 after buying an additional 690,349 shares during the period. 86.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Mark Malcolm sold 3,220 shares of General Dynamics stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $329.45, for a total transaction of $1,060,829.00. Following the sale, the director owned 10,186 shares in the company, valued at approximately $3,355,777.70. The trade was a 24.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP William A. Moss sold 17,700 shares of the business’s stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $316.40, for a total value of $5,600,280.00. Following the completion of the sale, the vice president directly owned 16,627 shares of the company’s stock, valued at $5,260,782.80. The trade was a 51.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 275,020 shares of company stock valued at $86,414,503 over the last 90 days. 1.50% of the stock is currently owned by corporate insiders.

General Dynamics Stock Up 1.9%

General Dynamics stock opened at $330.54 on Monday. General Dynamics Corporation has a 1-year low of $239.20 and a 1-year high of $330.63. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.36 and a quick ratio of 0.83. The stock has a market cap of $88.91 billion, a PE ratio of 22.18, a P/E/G ratio of 2.03 and a beta of 0.50. The stock’s fifty day moving average is $318.73 and its two-hundred day moving average is $291.92.

General Dynamics (NYSE:GD) last posted its quarterly earnings results on Wednesday, July 23rd. The aerospace company reported $3.74 earnings per share for the quarter, beating analysts’ consensus estimates of $3.47 by $0.27. General Dynamics had a return on equity of 17.99% and a net margin of 8.13%.The company had revenue of $13.04 billion for the quarter, compared to analysts’ expectations of $12.13 billion. During the same period last year, the firm earned $3.26 earnings per share. General Dynamics’s quarterly revenue was up 8.9% on a year-over-year basis. General Dynamics has set its FY 2025 guidance at 15.050-15.150 EPS. On average, sell-side analysts expect that General Dynamics Corporation will post 14.83 EPS for the current fiscal year.

General Dynamics Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 10th will be paid a $1.50 dividend. The ex-dividend date is Friday, October 10th. This represents a $6.00 dividend on an annualized basis and a yield of 1.8%. General Dynamics’s dividend payout ratio (DPR) is currently 40.27%.

Analyst Ratings Changes

Several research firms recently issued reports on GD. Citigroup boosted their price objective on General Dynamics from $348.00 to $368.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Susquehanna lifted their target price on General Dynamics from $315.00 to $365.00 and gave the company a “positive” rating in a report on Thursday, July 24th. Sanford C. Bernstein set a $314.00 target price on General Dynamics and gave the company a “market perform” rating in a report on Monday, July 14th. UBS Group lifted their target price on General Dynamics from $309.00 to $333.00 and gave the company a “neutral” rating in a report on Thursday, July 24th. Finally, Deutsche Bank Aktiengesellschaft upgraded General Dynamics from a “hold” rating to a “buy” rating and lifted their target price for the company from $298.00 to $342.00 in a report on Tuesday, July 8th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $315.78.

General Dynamics Company Profile

General Dynamics Corporation operates as an aerospace and defense company worldwide. It operates through four segments: Aerospace, Marine Systems, Combat Systems, and Technologies. The Aerospace segment produces and sells business jets; and offers aircraft maintenance and repair, management, aircraft-on-ground support and completion, charter, staffing, and fixed-base operator services.